My wife Levi just spent a couple days analyzing the closed sales, Pending sales and active listings in a Seattle Eastside neighborhood (in Issaquah) where she is going to have a listing come on the market soon. Her assessment is that the market in Issaquah is the best it's been for quite a long time. Inventory (number of homes on the market) has been dropping for many months and the number of Pending and closed sales has been increasing for the last three months. Data
that confirms this market change can be seen at AlanPope.com (Alan Pope is a well known Seattle area real estate appraiser and consultant.
If I learned anything in my 10 years of real estate, it's that real estate markets vary widely from neighborhood to neighborhood let alone between various cities. However, I find it encouraging that the Seattle area market seems to be starting to come back to life in addition to the turnaround I reported earlier in San Francisco.